Using Business Intelligence and Analytics to Combat Supply Chain Disruptions - Bar Code India

 

Over the past couple of years, the world has witnessed events that have disrupted several supply chains across the globe. The pandemic and current geopolitical turbulence have dealt a heavy blow to the global economy. While these are major events that have a global impact, however, most supply chain disruptions often stem from seemingly innocuous causes.

Anticipating and navigating disruptions is essential to the success of every business. Enhancing predictive capabilities is a must for creating or maintaining a strong supply chain, it can give business owners the required time to create a strategy that can help them sail through unfavorable situations.

Broadly, there are 3 major components to mitigating supply chain disruption: visibility, agility, and resilience.

Visibility across your supply chain can help you anticipate potential future disruptions as well as equip you with the data to build an effective response to such disruptions

Agility is the ability to gauge and act quickly against disruptions, to minimize the overall impact

Resilience is the ability to resist, absorb and recover from disruptions

The most efficient tools to preempt and stay afloat during a disruption are Business Intelligence and Analytics (BI & A). Read more....

Source Link:- ttps://www.barcodeindia.com/blog/using-business-intelligence-and-analytics-to-combat-supply-chain-disruptions/

3 Ways to Optimize E-commerce Supply Chain with Zebra Hardware - Bar Code India

 

E-commerce was born as a mere straightforward online channel for sales and purchases. However, customer expectations for E-commerce have significantly changed the E-commerce fulfilment and competitive landscape over the last few years.

The internet has interconnected billions of buyers and millions of sellers in a web of commerce. Online platforms today are crowded with sellers, and the competition is fierce. The movement of goods must be accurate and timely while also ensuring that the quality and condition of these goods are not compromised. The current scale of E-commerce transactions has made the supply chain more complex and an effective supply chain management system a necessity rather than a luxury to achieve performance excellence in all aspects of the order fulfilment journey.

Optimizing E-commerce Supply Chain Strategies

Here are a few simple tips for optimizing your E-commerce supply chain.

1. Real-Time Inventory Visibility

Real-Time visibility has never been more critical given the industry’s record-breaking pace of inventory arrivals and departures. Businesses need to know what inventory they have on hand and at what stage of the supply chain it is lying at. Read more.....

Source Link:- https://www.barcodeindia.com/blog/3-ways-to-optimize-e-commerce-supply-chain-with-zebra-hardware/

Ways Retailers Can Improve Inventory Management - Bar Code India

 

Good inventory management is key to the success of any retail business. Optimizing inventory levels according to demands, holiday seasons and downtimes requires an efficient strategy.

The balance between stocking just enough product to meet customer demands and overstocking is tricky, yet crucial in today’s scenario.

The retail industry has come a long way in the past few decades. Thanks to the hyper leaps in technology, today there are a bunch of excellent inventory management tools available in the market.

In this article, let us go over some tools which smart retailers are leveraging today to effectively manage their inventory.

1. Inventory Management Software
Retailers can benefit from investing in and implementing an efficient inventory management software to keep track of their inventory levels. The inventory management software can provide real-time updates about the inventory level, thereby, empowering business owners to make quick and informed decisions for replenishment and ensuring that consumer demands are met at all times. Read more...

Source Link:- https://www.barcodeindia.com/blog/ways-retailers-can-improve-inventory-management/

Automate your Business Processes with the Internet of Things (IoT) - Bar Code India

 

In today’s time, every aspect of our day-to-day life generates data, or we can say it is linked with data. The smartwatches track our walking steps, the smartphones track one’s location, where we went on holidays, what we are planning to buy, and what we are considering eating.

We all are emerging into a new world of the Internet of Things (IoT), which keeps us updated and benefits us by connecting us with things and people who are important to us.

Internet of Things (IoT), the use of this technology, has made big differences in the business world. It keeps you updated with the information that is happening, rather than what you assume has happened or may happen.

Sensors

IoT devices collect data from the environment with the help of sensors via machine learning. Once the data is collected, the same is stored in a cloud.

Connectivity

Once the data got collected with the help of sensors, the same data is sent to the cloud using methods like satellite, Wi-Fi, and WAN. These mediums can be opted depending on the specific IoT applications one is using.

Data Processing

Once the entire data is transmitted, some data processing is done to get the necessary output. It is one of the most crucial steps in the IoT working as it helps in the complete analysis of collected data.

User Interface

The entire system needs an interface to work. It is the last step where the user gets the output of the data. In this step, the user can see the final output on their screens.

Source: https://data-flair.training/blogs/how-iot-works/

The Internet of Things (IoT) doesn’t work with a specific industry, but it works with various industries. It helps improve customer service and decision-making and adds great value to businesses by automating the complete processes. The best IoT company in India can benefit you by adding tremendous business value to your organization, increasing productivity and efficiency, and reducing operating costs.

Which Industries can be benefitted from IoT?

IoT company in India cater to the needs of every sector by making seamless communication between people, processes, and things. Here are the industries, which are being benefitted from IoT services. For more information, Visit https://www.barcodeindia.com/blog/automate-your-business-processes-with-the-internet-of-things-iot/

3 Ways to Optimize E-commerce Supply Chain with Zebra Hardware

 

E-commerce was born as a mere straightforward online channel for sales and purchases. However, customer expectations for E-commerce have significantly changed the E-commerce fulfilment and competitive landscape over the last few years.

The internet has interconnected billions of buyers and millions of sellers in a web of commerce. Online platforms today are crowded with sellers, and the competition is fierce. The movement of goods must be accurate and timely while also ensuring that the quality and condition of these goods are not compromised. The current scale of E-commerce transactions has made the supply chain more complex and an effective supply chain management system a necessity rather than a luxury to achieve performance excellence in all aspects of the order fulfilment journey.

Optimizing E-commerce Supply Chain Strategies

Here are a few simple tips for optimizing your E-commerce supply chain.

1. Real-Time Inventory Visibility

Real-Time visibility has never been more critical given the industry’s record-breaking pace of inventory arrivals and departures. Businesses need to know what inventory they have on hand and at what stage of the supply chain it is lying at.

According to the Zebra® Future of Fulfilment Vision Study, the emergence of omnichannel logistics requires an average inventory accuracy of 76%, according to manufacturers, retailers, and transportation and logistics companies. For customer satisfaction, businesses must know the real-time status of their total inventory across their whole organization, including fulfilment centres, storefronts, third-party logistics warehouses, and even their vendors.

2. Accurate Data and Effective Stock Planning

Incorporating the whole risk of stock-outs and lost sales into their total cost of ownership (TCO) calculations, resilient retail players are adopting bold near-term solutions. Automation is a means to improve service levels and reduce the risk of missed sales due to stock-outs in today’s age of high absenteeism and attrition. 64% of respondents to a McKinsey survey of supply-chain executives cite warehouse automation as their top digitalization and automation target.

Using RFID technology, you can have real-time information on your inventory at all times, thus, ensuring the availability status of your products seen by your customers will always be accurate.

Studies have shown that by leveraging RFID, Retail & Ecommerce organizations can automate their inventory data and improve accuracy by as much as 30%. Studies have also shown that with RFID, you can replenish stocks in time to avoid out-of-stock situations by up to 50%, thus, ensuring that your most popular items are always in stock. For more information, Visit https://www.barcodeindia.com/blog/3-ways-to-optimize-e-commerce-supply-chain-with-zebra-hardware/

How Item-level RFID Can Solve 2 Major Fashion Industry Challenges

 

The fashion industry has always been characterized as highly competitive and turbulent. The pressure of quickly delivering the latest trends across seasons in a variety of options to customers, at a price they can afford and keeping enough stocks of the right items makes the industry especially challenging. The industry is also notorious for its short life cycles, high volatility, low predictability, and high impulse purchasing.

Hyper leaps in technology over the past few decades have completely altered the landscape of the industry. Technology has helped fashion and apparel companies to optimize their supply chains and improve their logistics. This has also amounted to higher customer satisfaction, especially with the option of online shopping. Now, not only can a customer browse through catalogues and a range of options and sizes, but they also get to track their orders in real-time until it reaches their doorstep.

One of the technologies that have revolutionized the fashion and apparel industry is RFID. It has given companies much better control of their business by keeping a close eye on their existing inventory stocks and valuable real-time data about sales across multiple channels. In particular, RFID item-level tagging has helped companies further improve their business. Read more....

Source Link:- https://www.barcodeindia.com/blog/how-item-level-rfid-can-solve-2-major-fashion-industry-challenges/

Supply Chain Challenges That Can Be Fixed with Supply Chain Control Tower

 

3 Supply Chain Challenges That Can Be Fixed with Supply Chain Control Tower

A supply chain control tower has the power to transform businesses by closing the gaps that stand in the way of a company’s success. It enables business owners to spot trends, prioritize actions, understand challenges, and resolve them to improve efficiency across the supply chain and align processes as per strategy.

What is a supply chain control tower?

A supply chain control tower is a customizable central console/hub that captures, stores and manages data, while also displaying key analytics and events from the entire supply chain in real-time.

Analytics from a supply chain control tower also uses this data to make predictions of what’s to come if you continue the same path or do things differently.

It also allows you to completely understand the minute details of your business and make sense of the raw data collected from several sources.

There are numerous applications of a supply chain control tower but for the sake of this article, we will focus on only three of the many challenges it can fix.

Source Link:- https://www.barcodeindia.com/blog/supply-chain-challenges-that-can-be-fixed-with-supply-chain-control-tower/